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I need some help with this please! Thank you! The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead.
I need some help with this please! Thank you!
The following information pertains to Flaxman Manufacturing Company for April. Assume actual overhead equaled applied overhead. $100,000 120,000 78,000 April 1 Inventory balances Raw materials Work in process Finished goods April 30 Inventory balances Rasaterials Work in process Finished goods During April Costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues $ 60,000 145,000 30.000 $120.000 100,000 63.000 380,000 Required 0. Prepare a schedule of cost of goods manufactured and sold b. Calculate the amount of gross margin on the income statement Step by Step Solution
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